The strategy for my daytrades in February was to take smaller positions so I could let trades develop and not have to cut losses prematurely.  The problem I discovered was that although I found volatile stocks to trade, the price action rarely moved more than 20-30 cents/share in my direction. and when it did I heald on for bigger gains which never happened.  Given that I pay $10 in fees, a 20 cent/share trade would only yield me $10 net profit.  Because I would swing for the fences on most trades, I refused to take small profits and heald on for something bigger.  So as I review the past month of trading, I see long losing streaks (typically 5 in a row) followed by weak wins.

March is going to be different in the following ways:

1. Daytrades will be a minmum of 200 shares and I will take profits at 15-25 cents/share gains.

2. I am implementing a longer-term trading strategy, so I will likely have some trades that last 1-2 weeks on average.

3.  I am starting to see gains in my Forex trading and will begin loggin these into Profit.ly.  Since all of my trading is part of a bigger, personal quest, it is a good idea for me to track total gaind and losses of all strategies.